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re: Any posters out there that feel their student loan debt is "unjust"?
Posted on 2/1/16 at 6:42 pm to Peazey
Posted on 2/1/16 at 6:42 pm to Peazey
I always said the easiest way to the White House is for a presidential candidate to do something to eliminate student debt.
This post was edited on 2/1/16 at 6:43 pm
0
Posted on 2/1/16 at 6:42 pm to Schwartz
quote:
Instead of a general thread talking about my feelings on student loans (I'm sure damn near all of your share my opinion), I'd love to engage someone in conversation that's on the opposite side of the coin from me and try to understand why they feel their debt should be written off or modified in some way.
Why in the hell should I be forced to cover your student loans? If we lived in a country where you couldn't get a degree via military, or debt forgiveness programs (like teaching and med field) then maybe, but since we do, you can pound sand and go vote for Bernie this year.
Posted on 2/1/16 at 6:43 pm to cberni1
I'm back in school right now and took out student loans for the amount that isn't covered by work tuition reimbursement. I think my current interest rate is 4.29%
Posted on 2/1/16 at 6:44 pm to Schwartz
Every idiot that decided taking out student loans for a degree in Women's studies, theater, fine arts or any stupid wortless degree was a good idea should feel they were unjust because they paid for nothing. Sucks to be dumb
Posted on 2/1/16 at 6:55 pm to SlowFlowPro
What an idiot. That article was tough to read.
Predatory is such a ridiculous buzzword for "I'm a fricking idiot someone protect me from myself."
quote:
Although the hefty amount I owe is unusual, my experience is not: Motivated by an idealistic view of education and career and vulnerable to predatory, disingenuous, or at least negligent institutions, young people and their families too often take on large amounts of student debt.
Predatory is such a ridiculous buzzword for "I'm a fricking idiot someone protect me from myself."
Posted on 2/1/16 at 7:02 pm to slackster
predatory is one of those terms that's so insulting to the group the user is trying to defend i can't believe it's still allowed
Posted on 2/1/16 at 7:04 pm to cberni1
quote:
relatively high interest rates on school loans. I understand inflation and general operating costs for tuition and the basic economics behind why interest is needed for loans, but at 6.8% on the loans I was offered back in college, I am paying almost $80-$90 in interest.
Relatively high interest rates?
You may be paying more than most people, but 6.8% interest is not relatively high for a loan with no collateral whatsoever.
Even FHA home loans are going to be 3-4% and they're backed by a home as well as the government, not just the government and your bioethics* degree.
*Reference to the absurdity of the article SFP posted.
Posted on 2/1/16 at 7:05 pm to PuntBamaPunt
quote:
No, but tuition rates are OOC.
It's simply a matter of supply and demand.
Posted on 2/1/16 at 7:06 pm to SlowFlowPro
The whole excerpt I posted has me triggered.
If the institutions are negligent, how would you classify the borrowers?!?
If the institutions are negligent, how would you classify the borrowers?!?
Posted on 2/1/16 at 7:06 pm to Schwartz
My student loan debt was the best investment I ever made. My return has been phenomenal.
Posted on 2/1/16 at 7:07 pm to LeonPhelps
quote:
It's simply a matter of supply and demand.
Mostly true. In this case it is a matter of supply and artificial demand that is created by easy and cheap money from student loans.
Posted on 2/1/16 at 7:08 pm to jguidroz
quote:
but I wish I could understand what's driving it.
Well, 7 years ago the federal government stopped foreclosures on default mortgages. Then the federal government bailed out major banks from going under. Students have energy and no real job, so why not protest to make it seem like a crises to try to get the federal government to respond.
quote:
The only reason I haven't paid off my student loans is because my interest rate is < 2%. I have better uses for that money right now.
Would I like someone to just say "Hey, you don't owe this money anymore?" Of course, who turns down free money?
Exact same position I'm in.
Posted on 2/1/16 at 7:09 pm to BayouBengals03
quote:
Isn't student loan debt the only type of debt you
can't declare bankruptcy on?
Educational debts are not discharged in bankruptcy. If a student who is indebted to a university declares bankruptcy, the university may no longer continue trying to collect the debt but can withhold transcripts until the debt is paid. Usually the day comes that the debt gets paid because a person needs a transcript.
I know debts to a university are different from a student loan but they are still considered educational debts and educational debts are not discharged in bankruptcy.
Posted on 2/1/16 at 7:09 pm to Schwartz
Nope...we recently paid off our children's school loans...was our obligation and commitment and see no reason why one should get a pass for the debt they freely take upon themselves
Posted on 2/1/16 at 7:22 pm to Schwartz
It's not the loan amount that gets me but the interest rates.
Posted on 2/1/16 at 7:23 pm to wfallstiger
My kids are in private school that I pay. If they can get scholarship or any free ride anywhere they can go, if not they will go to a state school (Probably LSU) for undergrad and use TOPS in whatever form it is in when they arrive and if needed I will pay any supplement. If they want continuing education elsewhere I will help pay and get whatever money needed to allow them to not have student loan debt. In return, they will get through school as quickly as possible. They will not be in elementary education or Elizabethan poetry. This is an ongoing discussion we have had with them from a very early age and now in high school they understand it better. We hope this works and know there are no guarantees but we also feel we owe our kids the ability to start adult life without crushing debt.
Posted on 2/1/16 at 7:26 pm to SlowFlowPro
quote:
the payroll tax is bullshite
What's your solution? Do you realize how many people would simply avoid taxes if there were no payroll witholding? I'm also pretty sure he was bitching about his employees payroll taxes which was never his money to begin. It's the employees money being withheld.
This post was edited on 2/1/16 at 7:31 pm
Posted on 2/1/16 at 7:27 pm to Martini
quote:
They will not be in elementary education
Oddly enough, this is one of the avenues the legislature has allowed for forgiving student loan debt.
Posted on 2/1/16 at 7:28 pm to Schwartz
$4300 left for me. Praise be.
Posted on 2/1/16 at 7:35 pm to Grandioso
Well I have no problem with elementary education as it is noble and I have several friends as well as my mother who all teach or taught. And actually if they would and went to a state school, got some TOPS that would be an affordable student loan debt.
But I have a friend paying out of state tuition at Alabama and his son is going that route. That's not great decision making.
But I have a friend paying out of state tuition at Alabama and his son is going that route. That's not great decision making.
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